Airlines’ woes make the case for business aviation options that help companies outperform
By Kathryn B. Creedy
Delays, computer outages, hub-and-spoke route structures, declining passenger experience and the pilot shortage are all conspiring to diminish the value proposition of commercial airlines for corporate travelers – and to make a stronger case for business aviation. More important, studies among S&P 500 companies show users of business aviation are far more successful on any number of business metrics compared to nonusers.
Millennials, responding to the increasing democratization, accessibility and affordability, are driving moves to business aviation. But there are other motivations for corporations to reconsider the role of business aviation in their travel policy to enhance both the wellbeing of their road warriors and the bottom line.
All this is prompting a growing shift away from commercial to business aviation. The industry is now experiencing a resurgence as new ways of doing business emerge designed to democratize the industry and increase corporate users’ efficiency and profitability. These new, more affordable approaches report 60 percent or more of their passengers are new to business aviation. And new business models are only one arrow in the quiver to provide affordable solutions for almost any business travel budget.